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Patagonia Gold Second Quarter 2020 Financial Results and Filing of Restated Financial Statements and MD&A for Q3 2019


Patagonia Gold Secon

iCrowdNewswire   Oct 16, 202010:48 AM ET

Patagonia Gold Corp. is pleased to announce its unaudited results for the fiscal period ended June 30, 2020 (“Q2 2020”). The financial statements together with the management’s discussion and analysis (“MD&A”) are available on the Company’s website and on SEDAR at www.sedar.com.

Highlights

Christopher van Tienhoven, CEO commented: “Our team continues to maintain gold and silver production at some of Patagonia’s projects generating cash flow for exploration and development. We are continuing on our journey of becoming an intermediate mining producer in a socially responsible manner committed to environmental sustainability and the safety and health of our people.”

Patagonia also announces that it has filed restated condensed interim consolidated financial statements and MD&A for the interim period ended September 30, 2019, which are available on the Company’s profile on SEDAR at www.sedar.com. Subsequent to the issuance of the condensed interim consolidated financial statements for the three and nine months ended September 30, 2019 on November 28, 2019 on SEDAR at www.sedar.com, the Company determined that there were errors related to the accounting for the reverse acquisition of Hunt Mining Corp. completed on July 24, 2019, as well as the conversion of several balances denominated in foreign currencies. As a result, balances reported in the Company’s condensed interim consolidated statements of financial position and comprehensive income (loss) have been restated from amounts previously reported. The Company also made additional presentation changes and note disclosure improvements in the restated financial statements. Details of the changes are fully described in Note 2 of the restated financial statements. The amended and restated condensed interim consolidated financial statements and MD&A for the interim period ended September 30, 2019 replace and supersede the previously filed interim financial statements and MD&A for such period filed on November 28, 2019.

Qualified Person’s Statement

Donald J. Birak, an independent geologist and Registered Member of SME and Fellow of AusIMM, the qualified person as defined by National Instrument 43-101 has approved the scientific and technical content of this press release.

About Patagonia Gold

Patagonia Gold Corp. is a mining and development company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 350 properties in several provinces of Argentina and Chile and is one of the largest landholders in the Province of Santa Cruz, Argentina.

For more information, please contact:

Dean Stuart
T: 403 617 7609
E: dean@boardmarker.net

Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com



Contact Information:

Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.com








Tags:    Wire, Disclosure Newswire, United States, English